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Transaction Details
Company Name: Washington Hardwoods
Address: 208 W Holly Bellingham, WA 98225 US
Website: www.wildbuffalo.net
Purchase date: 2009
Transaction type: Buy/Sell Transaction
Buyer: ERC Group
Description
Full Bar, Dining & Real Estate with complete Liquor License. The Company was started as a lifestyle business with strong community ties. It has been recognized as one of the finest live music venues in the region and has grown to include a full bar and a complete dining experience. Voted 'Best-Favorite Live Music Venue' 2006-2007 by the Bellingham Herald reader's poll, among many other prestigious awards over the years. This is an excellent opportunity to own a full service restaurant with great decor, a Class H license and a national reputation. The restaurant is licensed for 300+ occupancy including the dining, bar and entertainment areas. The building has plenty of room to significantly increase capacity.
Facilities
The multi-story building is owned by the Seller separate from the business however it is included in the sale. The space consists of ~7,350sq' plus a 5,500sq' basement and is very professional with excellent parking, freeway access and transit service nearby. The Company has a fully equipped kitchen, walk-in fridge, washer/dryer, ample storage, a 1000sq' office, his/her bathrooms for the public and separate his/her bathrooms for the employees. The Real Estate appraised in Nov 2006 for $1.29 as a vacant building and has lots of room for expansion.
Growth and Expansion
Located in downtown Bellingham, a city that is currently experiencing rapid growth and known for its vibrant dining and entertainment scene. The knowledgeable Restaurateur will no doubt identify many possibilities for growth including specialty events, hours of operation, additional customer targeting, pricing and promotion structures. Company growth is limited only by imagination and desire.
Reason for Selling
This sale is part of a planned phase out and retirement for the Founder.
Support and Training
The Seller will provide excellent training and transition assistance and is willing to stay on in a consulting role.
Next Steps
For more information, contact Roupp Acquisitions Inc at;
inquiry@rouppacquisitions.com or give us a call at 206.915.9635.
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